Wealthfront Advisers LLC grew its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,369 shares of the oil and gas company's stock after purchasing an additional 4,172 shares during the period. Wealthfront Advisers LLC's holdings in Valero Energy were worth $10,086,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth $236,000. Twin Tree Management LP acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $4,317,000. Cibc World Markets Corp grew its position in Valero Energy by 14.2% during the fourth quarter. Cibc World Markets Corp now owns 50,115 shares of the oil and gas company's stock valued at $6,144,000 after purchasing an additional 6,228 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in Valero Energy in the 4th quarter valued at approximately $61,000. Finally, Tocqueville Asset Management L.P. lifted its position in Valero Energy by 2.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 8,157 shares of the oil and gas company's stock worth $1,000,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on VLO. Morgan Stanley upped their price target on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and raised their price target for the stock from $134.00 to $150.00 in a research note on Wednesday. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $127.00 to $154.00 in a report on Tuesday, May 13th. Evercore ISI initiated coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.94.
Check Out Our Latest Analysis on VLO
Valero Energy Stock Performance
Shares of NYSE VLO traded up $1.85 during trading hours on Thursday, hitting $145.04. 1,005,109 shares of the company's stock were exchanged, compared to its average volume of 3,085,228. The company's 50-day moving average price is $135.73 and its 200-day moving average price is $129.74. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The stock has a market capitalization of $45.43 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 2.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. During the same period in the prior year, the company posted $3.82 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.12%. Valero Energy's dividend payout ratio (DPR) is presently 159.72%.
Valero Energy Profile
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Free Report)
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.
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